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Monday, September 30, 2024

Gibson City home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Gibson City fell by $11,750 while total sales increased by 20%, according to BlockShopper.com.

In October 2018, there were six homes sold, with a median sale price of $113,250 - a 9.4% decrease over the $125,000 median sale price for the same period of the previous year. There were five homes sold in Gibson City in October 2017.

The median sales tax in Gibson City for the most recent year with available data, 2016, was $2,102, approximately 1.9% of the median home sale price for October 2018.

The following table compares Gibson City to other Ford County cities in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Gibson City6520%$113,250$125,000-9.4%
Paxton13944.4%$76,000$49,00055.1%
Piper City20-$65,700$0-
Melvin50-$20,000$0-
Elliott10-$17,491$0-
Sibley00-$0$0-
Roberts00-$0$0-

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